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Substitution of new section for section 61.

Section 128 - Act - INDIRECT TAXES Customs - Finance Act - Section 128 - 128. In the Customs Act, for section 61, the following section shall be substituted, namely:- Period for which goods may remain warehoused. 61.(1) Any warehoused goods may remai .....

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ftware technology park unit or any warehouse wherein manufacture or other operations have been permitted under section 65, till their clearance from the warehouse; (b) in the case of goods other than capital goods intended for use in any hundred per .....

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warehouse; and (c) in the case of any other goods, till the expiry of one year from the date on which the proper officer has made an order under sub-section (1) of section 60: Provided that in the case of any goods referred to in this clause, the Pr .....

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to deteriorate, the period referred to in the first proviso may be reduced by the Principal Commissioner of Customs or Commissioner of Customs to such shorter period as he may deem fit. (2) Where any warehoused goods specified in clause (c) of sub-s .....

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ction 47, on the amount of duty payable at the time of clearance of the goods, for the period from the expiry of the said ninety days till the date of payment of duty on the warehoused goods: Provided that if the Board considers it necessary so to do .....

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